New York State Environmental, Chicago Transit price; Hillsborough County Aviation plans deal

New York, Aug. 6 – On Thursday, the municipals market saw issues from the New York State Environmental Facilities Corp., Colorado State University and the Chicago Transit Authority.

Chicago Transit Authority sold $176.92 million of series 2015 capital grant receipts revenue refunding bonds, according to a pricing sheet.

The bonds (/A/BBB) were sold through RBC Capital Markets LLC and Citigroup Global Markets Inc.

The deal included $131.27 million of series 2015 Federal Transit Administration Section 5307 Urbanized Area bonds and $45.65 million of series 2015 Federal Transit Administration Section 5337 State of Good Repair bonds.

The 5307 bonds are due 2018 to 2021 with 5% coupons and 1.60% to 2.54% yields.

The 5337 bonds are due 2018 to 2026 with 5% coupons and 1.60% to 3.42% yields.

Proceeds will be used to refund existing 5307 and 5337 fund bonds.

New York Environmental prices

New York State Environmental Facilities priced series 2015 state revolving fund revenue green bonds.

The $475.09 million deal was expected to include $80,945,000 of series 2015B tax-exempt bonds, $30,455,000 of series 2015C taxable bonds and $363.7 million of series 2015D tax-exempt bonds, according to a preliminary official statement.

The bonds (Aaa/AAA/AAA) were sold on a negotiated basis with Citigroup and Loop Capital Markets LLC.

The 2015B bonds are due 2016 to 2028 with term bonds due in 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2040 and 2045. The 2015C bonds are due 2016 to 2025 with a term bond due in 2030. The 2015D bonds are due 2016 to 2028 with term bonds due in 2029, 2030, 2031, 2032, 2033, 2034, 2035 and 2040.

Proceeds will be used to finance or refinance clean and drinking water projects and refund existing bonds issued to provide assistance to eligible recipients for such projects.

New deals announced

Hillsborough County Aviation Authority of Florida announced plans to price $386 million of series 2015 customer facility charge revenue bonds for the Tampa International Airport.

The deal includes $90 million of series 2015A non-AMT bonds and $296 million of series 2015B taxable bonds.

The bonds (A3/A-) will be sold on a negotiated basis with Citigroup as the lead manager.

On the opposite side of the country, the Los Angeles County Public Works Financing Authority is expected to price $218,155,000 of series 2015 lease revenue refunding bonds.

The deal includes $133.03 million of series 2015B tax-exempt bonds and $85,125,000 of series 2015C taxable bonds.

The bonds (A1/AA/A+) will be sold on a negotiated basis with Goldman Sachs & Co. as the lead manager.

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